With the decision to free float the pound, The CIB has just released their new credit limits for clients holding accounts in both Egyptian pounds and foreign currency.

On Saturday afternoon, the Commercial International Bank released a table explaining the new limits that are now in effect.

The first table shows the new credit card limits in EGP, setting cash withdrawal for white card members at EGP 750 and purchasing for EGP 8000. This ranges depending on the type of card with platinum card holders having a limit of EGP 1,750 cash withdrawal and purchasing of EGP 64,000.

The second table shows the old prices highlighting that this cash withdrawal and purchasing limits for white card members were temporarily suspended, while Platinum card holders were restricted to EGP 1000 and EGP 17,500 purchasing.

The third table shows the limits for debit cards in foreign currency accounts abroad. For those holding a classic card, they can withdraw $2000 and purchase up to $10,000. While titanium card holders can withdraw $3000 and purchase up to $20,000, which leaves platinum members with a withdraw limit of $5000 and purchasing up to $30,000.

The fourth table sets the limits for debit cards in Egyptian pound accounts stating that neither of the cards can withdraw cash abroad but can purchase EGP 800 with the classic card, EGP 2,400 for titanium, EGP 4,800 platinum holders.

The fifth table refers to pre-paid credit cards stating that purchase and cash withdrawal limit for ISIC and CIB Travel Choice cards is EGP 500. For further inquiries into limit changes, the banks have decided to keep their branches open until 9pm throughout the week and weekend.